Stock Watch: Netcentives Gains on Bullish Q3 Forecast

Netcentives (Nasdaq: NCNT) was up 1 11/32 at 7 1/2 in early trading Thursday after the company, which provides technology and services for Internet loyalty and direct marketing campaigns, said third quarter revenue will be above analysts’ expectations.

The San Francisco, California-based company said it expects revenue for the quarter to total $11 million to $11.5 million, with gross cash sales of about $20 million. Analysts had expected revenue of $10.2 million and gross cash sales of $16.3 million.

“Many of our customers are top-tier, online and offline companies, who are increasingly signing significant, multi-year contracts that produce diverse, recurring revenue streams,” said chairman and chief executive officer West Shell.

Netcentives plans to report results October 24th.

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